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Actuarial Analyst - Biometrics

Location Mumbai, India Job type Full-Time Work mode On-site Job level Professional Job ID 11289 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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Support the Chief Actuary in delivering business-driven biometrics research and value-added analytics insights for the India, Sri Lanka and Bangladesh markets. The individual will play an active role in supporting on internal experience projects for major clients and internal research initiatives, supporting all lines of business for Munich Re India’s operations and any Regional initiatives as and when required. 

Your Role: 

  1. Conduct comprehensive analysis of experience on the available experience data and advise the valuation and pricing teams on assumptions and trends.
  2. Perform back testing of using actual portfolio data to check adequacy of margins and assess the financial implication of deviations from assumptions
  3. Conduct comprehensive analysis of the portfolio to identify trends, estimate their financial impact and advice internal stakeholders like business development, pricing, valuation and underwriting teams on related matters.
  4. Assist in the preparation of the Terms of Trade for both Individual and group buisness
  5. Building analytics tools and management dashboards to share live insights with the management team.
  6. Support internal stakeholders like Business Development, Pricing and Underwriting teams on special projects and analysis.
  7. Assist in the development of biometrics research and cross functional projects, as required.

Your Profile: 

Education & Experience 
Essential :

  • Actuarial student who has completed Stage 1: Core Principles series (all 7) from IAI India or equivalent.
  • Strong commitment to complete the Actuarial course
  • Experience in life insurance or re-insurance company’s valuation team preferred

Good to Have:

  • Experience in mortality / morbidity experience study would be preferred.

Competencies:

  • Strong computer skills: Microsoft Excel, power query and SQL (essential) and VBA (preferred)
  • Exposure to Indian Statutory Reporting, Solvency II and IFRS17 would be preferred
  • Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail
  • Self-motivated and able to work within a team environment, outcome focused
  • Strong communication skills in English (written and verbal)
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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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